Chandler Takes 4th Spot on Opendoor’s ‘Top 15 Cities for Families’ List

Finding a home that fits your dream list can be difficult. Add in a child (or two), and the criteria can get even tighter. Take the McGinnis family, which was on the hunt for a more spacious home that could accommodate two home offices in the Dallas area. "Working with Opendoor, my wife and I were able to buy a new home, sell our current house and skip the hassle of preparing … [More]

Housing Report for September 2022 Shows Minimal Listing Price Decreases in Phoenix

Typical for this time of year, September home sales declined 9.7% from August across the report's 53 metro areas. That led to inventory climbing to two months' supply for the first time in nearly two years – an encouraging sign of a more balanced market to come. September's Median Sales Price of $400,000 was 6.1% lower than the year-high of $426,100 in June. … [More]

Nikola Completes Acquisition of Romeo Power

Nikola Corporation, a provider of zero-emissions transportation and energy infrastructure solutions, today announced the completion of its acquisition of Romeo Power, Inc. (“Romeo” “We are pleased to complete the acquisition of Romeo and look forward to executing on the opportunities ahead,” said Michael Lohscheller, Nikola’s President. “The acquisition of Romeo will … [More]

Los Angeles Real Estate Firm Acquires 155-Unit Multifamily Property in Metro Phoenix

Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for $37.25 million. Nola on 50th, which Odyssey will be rebranding as Parq on 50th, is the firms third acquisition in Arizona since entering the … [More]

2022 Hotel Business Travel Revenue Projected to Be Within 1% of 2019 Levels

U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs. The projections are not adjusted for inflation, and real hotel revenue recovery will likely take … [More]

Scottsdale-Based Financing Co. Arranges Nearly $150M for New Arizona Build-to-Rent Developments

Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 740 units delivered in Arizona and North Carolina. The financing encompasses three new projects in the Phoenix market, including $67.4 million for Village at Carver Mountain, $59.6 million for Village at Sonoran Vista, and $21.2 million for Montana Del Sur, as well … [More]

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